Citi macro head says capped 30-year Treasury yield may weigh on dollar
Citi Global Head of Macro Dirk Willer said a 30-year Treasury capped below 5.30% could create negative dollar impetus. He also noted asset-swap spreads looked well behaved amid fiscal concerns.
Asset-Swap Spreads Were Quite Well Behaved But That's Where Fiscal Problems Should Show Up Most Clearly - We Took Our Underweight Exposure Off In Treasuries After Bessent Announcement, Bought Some Gold, Already Short Dollars